Goldman raises target for Reckitt Benckiser stock to GBp 6,500

Published on 10/15/2026 at 12:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core Reckitt grew 2.70 percent in the first half of 2026. Reckitt Benckiser stock costs EUR 64.17 on October 15, 2026, 1.06 percent above Xetra close.

Broker view and operating progress

Goldman Sachs raised its target to GBp 6,500 from GBp 5,600 on October 7, 2026.
Core Reckitt delivered 2.70 percent like-for-like net revenue growth in the first half of 2026.
Reckitt Benckiser stock trades at EUR 64.17 at 12:49 p.m. CEST on October 15, 2026, 1.06 percent above the Xetra close of October 14, 2026.

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Reckitt Benckiser (GB00BSZBP530) was trading at EUR 64.17 at Lang & Schwarz on October 15, 2026 at 12:49 p.m. CEST, 1.06 percent above the Xetra close of October 14, 2026 (EUR 63.50). Yahoo Finance reported on October 7, 2026 that Goldman Sachs upgraded the stock to Buy from Neutral and raised its 12-month target from GBp 5,600 to GBp 6,500.

Goldman sees room for growth

The broker linked its upgrade to accelerating sales growth in Reckitt's core business and new products. Goldman said the company traded at 13.5 times expected 2027 earnings, a 16 percent discount to the European consumer staples sector based on consensus forecasts, according to Yahoo Finance on October 7, 2026. The same report identified weaker sales growth, margin pressure, currency swings and Mead Johnson litigation as risks.

What does the target imply for operations?

The operating backdrop is improving, but the margin path remains central. Reckitt reported 2.70 percent like-for-like net revenue growth for Core Reckitt in the first half of 2026, while second-quarter growth accelerated to 4.20 percent. Core Reckitt gross margin was 60.90 percent and adjusted operating profit margin was 24.80 percent in the half-year period, according to Reckitt. The company reiterated full-year 2026 like-for-like growth guidance of 4 percent to 5 percent for Core Reckitt.

Three dates frame the story

On July 29, 2026, Reckitt published first-half results showing 2.70 percent Core Reckitt growth. On October 1, 2026, UBS raised its target from GBp 7,400 to GBp 7,600, according to Yahoo Finance. On October 7, 2026, Goldman Sachs raised its target to GBp 6,500 from GBp 5,600.

Next reporting dates are set

Reckitt's next two listed investor dates are October 27, 2026, for the third-quarter trading update, and November 19, 2026, for its North America investor event, according to Reckitt.

Price reflects a measured reaction

The euro quotation is 1.06 percent above the Xetra close, keeping the daily move below the threshold for a strong directional signal. On the London Stock Exchange, the share was last at GBp 5,432 on October 15, 2026 at 11:57 a.m. BST, while the finance data showed a market capitalization of GBP 34.4 billion.

Reckitt Benckiser was trading at EUR 64.17 at Lang & Schwarz on October 15, 2026 at 12:49 p.m. CEST, 1.06 percent above the Xetra close of October 14, 2026 (EUR 63.50). The further course of trading is shown by the continuously updated real-time quote of Reckitt Benckiser stock.